Oyo Claims It Has Overtaken IHG as World’s Third Largest Chain
Skift Take
Oyo has been making upbeat announcements more than usual in the past few weeks. Is it building itself up toward an IPO or more funding, or is it fending off critics, skeptics, and issues in India and China?
It sure feels like Oyo Hotels and Homes is on a roadshow. The budget hotel chain has been stepping up its public relations machinery aggressively in the last few weeks. It has announced entry into the U.S. and Vietnam; a restructuring into three units, India, international, and technology and brand licensing; the hiring of new leaders, and the tying up of new distribution partner Meituan in China last month after signing up Ctrip in May, to name a few.
On Wednesday, it announced itself as the third largest hotel chain in the world in terms of room count, certain to fuel skeptics wary of the company's lightning-fast growth.
Going by Oyo’s chart, that means it has leapt three po
